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Jason Huitt is on the Windows Group with Academic Computing and Networking Services at Colorado State University.
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      The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

      © Copyright 20082010

      How Much is this Bailout Going to Cost Taxpayers?

      The fine folks at First Read have published the following analysis of the Bush Administration's financial sector bailout plan.  http://firstread.msnbc.msn.com/archive/2008/09/23/1436850.aspx

      -- $700 billion: proposed Wall St. bailout
      -- $695.4 billion: GDP of Taiwan. If the bailout were a country it would be the 21st largest GDP, larger than most nations.
      -- $580 billion: cost of Iraq war (so far)
      -- $515.4 billion: proposed 2009 Pentagon budget
      -- $315 billion: McCain's nuclear energy plan
      -- $295 billion: amount Pentagon overspent original budgets by.
      -- $150 billion: Obama's energy plan
      -- $50-$65 billion: Obama's health care plan, per year
      -- $59.2 billion: proposed 2009 U.S. education budget
      -- $10 billion: McCain health care proposals, per year
      -- $38 million: Hank Paulson's post-2004 salary as Chairman, CEO of Goldman Sachs
      -- 16.1 million: number of median Ohio household incomes ($43,371 as of 2004) that would add up to the bailout -- or about THREE Ohios.


      Posted by Jason on Tuesday, September 23, 2008 1:49 PM
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